Robert W. Baird Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM) had its price objective decreased by Robert W. Baird from $44.00 to $39.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 17.90% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Craig Hallum lowered their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Gentherm Stock Performance

THRM opened at $33.08 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 15.98 and a beta of 1.42. The company’s 50 day moving average is $38.48 and its 200 day moving average is $42.94. Gentherm has a 12-month low of $30.25 and a 12-month high of $59.84.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million during the quarter, compared to analysts’ expectations of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. On average, equities research analysts predict that Gentherm will post 3.1 EPS for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in shares of Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after buying an additional 43,108 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after buying an additional 116,500 shares during the last quarter. Raymond James & Associates raised its position in shares of Gentherm by 18.9% during the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after buying an additional 20,401 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Gentherm by 46.0% during the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after buying an additional 21,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after buying an additional 5,754 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.